Quarterly revenues (in $1,000,000s) for a national restaurant chain for a five-year period were as follows:
a. Solve for the forecast equation that minimizes the sum of squared error.
b. Forecast the four quarters of Year 6.
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Which of the following would not cause the trial balance to be out of balance?
a. An error being made in carrying the account balance to the trial balance b. The balance of an account being incorrectly computed c. An account with a debit balance being recorded as a credit or vice versa d. A debit to Utilities Expense being posted as a debit to Rent Expense
Assume that Sherrie's Cherries contracts with Dessert World to sell and ship 600 pounds of cherries in three equal installments of 200 pounds each. If the first installment arrives with 5 pounds of spoilage, then Dessert World may:
a. reject the installment shipment because of the perfect tender rule. b. not reject the installment if those in the food industry expect a small percentage of spoilage with fresh fruits or vegetables. c. reject the entire contract. d. declare a breach and "cover."
Firms can incur liability under Section 2 of the Sherman Act by acquiring monopoly power through corporate mergers or acquisitions
a. True b. False Indicate whether the statement is true or false
According to the "continuum of environmental sensitivity," which of the following types of products would be most insensitive to environmental changes?
A. basic commodity-type consumer products B. consumer products closely linked to social variables C. consumer products that are tied to cultural variables D. industrial products E. international products